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Denver top in nation for rent gains, outstripping income gains since Great Recession

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Denver's median monthly rents gain was 82%, going from $856 a month to $1,554

Metro Denver apartment rent inflation has outstripped income gains by a higher margin than in any other major city in the U.S. since 2009, according to aFrom 2009 to 2021, rent growth outpaced income growth in 46 of the 50 largest U.S. metros, with only Providence, R.I.; Buffalo, N.Y.; Cleveland and Pittsburgh able to keep housing costs in line with wage gains.

Seattle; Portland, Ore.; San Francisco; Nashville; and Austin, Texas, were other heated rental housing markets. Rounding out the top 10 were Salt Lake City, San Diego, and Los Angeles.

 

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